Daily Pivots: (S1) 1.3869; (P) 1.3900; (R1) 1.3917; More… USD/CAD’s fall from 1.3965 extended lower last week and focus is now on 38.2% retracement of 1.3840 to 1.3965 at 1.3780. Decisive break there will argue that whole rebound from 1.3840 has completed, and bring deeper decline to 61.8% retracement at 1.3665 and below. Nevertheless, strong […]
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USD/JPY is holding near 156.83 on Friday. Despite heightened volatility in recent sessions, the yen is set to end the week broadly unchanged. Fears of intervention and Tokyo’s firm rhetoric have failed to support a Read more…
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In focus today The key release today is the US April jobs report. We expect a solid report with NFP growth of 80k and unemployment rate unchanged at 4.3%. High-frequency indicators have generally been strong Read more…